))
14. Creating Financial Stability For Your Pet Biz: with Tricia Ong from Mintrix Business Advisory
Manage episode 375558443 series 3374760
Content provided by Tarryn & Erin Michie and Erin Michie. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by Tarryn & Erin Michie and Erin Michie or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://player.fm/legal.
Welcome to Episode 14 of the Pet Biz Project, where Tarryn sits down with Tricia Ong to chat about the fundamental steps to creating a stable, steady financial environment to protect your pet business success.
Tricia Ong, founder and business management advisor at Mintrix Business Advisory, joins Tarryn to discuss the importance of knowing your numbers in your business, and how to manage the rising cost of living impacting on many areas of your business - both now and in the future.
They also talk about developing cash buffers and understanding seasonal fluctuations, to prepare for highs and lows, as well as utilising tools like Google Sites and AI programs such as Chat GPT to improve efficiency.
Topics touched upon in this episode also include:
- Understanding the difference between cash and profit
- Building cash buffers and forecasting cashflow
- Delegating tasks and building a support network
- Taking breaks and finding balance
- Differentiating from competitors and targeting a specific niche
- Seeking help from mentors, advisors, and professionals in areas of weakness
- Showing value rather than engaging in price wars with your competitors
Plus much more!
Tricia's links:
Mintrix Business Advisory Website: www.mintrix.com.au
Tricia's LinkedIn: https://www.linkedin.com/in/triciaong1/
And additional links to resources discussed in this episode:
Free downloadable on Cash Flow: https://mintrix.com.au/resources/ebook-strategies-cashflow/
Open ai & ChatGPT: https://openai.com/
Connect with us:
Instagram: https://www.instagram.com/Pet_Biz_Creatives/
Facebook: https://www.facebook.com/petbizcreatives
YouTube: https://www.youtube.com/channel/UCzi1Sdhxb3CqxaGvz-fZfCA
LinkedIn: https://www.linkedin.com/company/pet-biz-creatives/
Website: https://petbizcreatives.com/
Set up your systems with our partners:
Shopify: https://shopify.pxf.io/a1XN9j
Klaviyo: https://www.klaviyo.com/partner/signup?utm_source=0013o00002TVap1AAD&utm_medium=partner
15 episodes
Share
